Hello,
I am new to Forex, and trying to find an EA to test on demo. I came accross this EA on ebay. Has anyone tried this system? How is doing?
Also, if anyone is using any profitable, consistent ea, I would appreciate the info.
Thanks in advance.
Not tried it. There must be tens of thousands of EA’s that sell lies, hype and false promises. Best using caution then.
I would like to see more reviews myself but I think people do not like to review their losses not even online which is a shame for the rest of us interested in testing out EA’s when they cost us.
This famous seller has 100% feedback but when contacting some members I was unable to get replies that previouslybought his systems.
You can try them out for 14 days money back guarantee but is 14 days long enough to truly test out his EA’s? What do you guys think?
He has some good looking systems with live statements and demo accounts you can login to.
Does anyone on here have any experience with the seller or have they tried and tested these EA’s?
$3200 for all of them with the new set of 2 EA’s just being released and other ones now with new riased prices. Still no negative feedback either, if they are not working as listed on ebay or his sites - there is surely something seriously wrong with the people that test them. If they bother doing that.
If you like I would happily buy these systems to test them for 14 days if you want me to I will share my experience if you pay 50% or I will test them myself and pay $3200 without sharing, sounds unfair?
Since you are new I think that you should form your own system. Try a few different things, goto the system tread on this form and get some ideas. I think you will be happy with what you come up with. If after a few months you still don’t have a good system then think about buying a system.
Absolutely right Bazooko.
These new people need to work at their own systems.
With learning, work input = work output
or
effort in learning = results.
It is a lazy way to buy a system. And then what about money management?
I am still monitoring what is going on with your experiment.
Kind regards, Tymen Wortel, Perth, Western Australia.
What you say does make sense. Me though, if an EA did not have money management I would not bother with it.
It amazes me how people post links to adds asking how products are and it is usually their first post 
. You would almost think the poster asking the question is the same as the person selling the product and they are just trying to get it noticed. I apologize if this is not the case. I would NEVER even consider purchasing something like an automated system which you can find for [B]FREE[/B] all over the web. Check out the hunderds of awesome EA’s at the link below. You should really learn how to trade because no system will work without knowing how to trade and use proper money management and the writers of these EA’s know that. [U]Everything you need to start is right on this site and the web.[/U] There are too many get rich quick schemes out there. Good Luck because your going to need all you can get buying this [I]#$@*.[/I]
Topgun
Well said Topgun!! 
Kind regards, Tymen Wortel, Perth, Western Australia.
Not bad links but to have access to the elite section of TSD you need to subscribe.
- Users who subscribe will get access to the private supporters forum where performance of 25 expert advisors will be reported every week.
That part sounds good, could appeal to all newbies interested in EA’s. $12 pm
to all the automated trading system skeptics out there, there are Expert Advisors that really work.
it’s not easy finding them, but they do exist! if you’ve been in it long enough, you’ll know that the free ones are not it.
peace
I never said they don’t work because I’m sure some do work but if someone does not have the right mental framework on how to trade, then they are doomed. If they have no money management skills, they are doomed. What good is the EA if it gives a signal just before an interest rate statement? I am even considering writing a few EA’s myself for the systems I use and I’m sure they will work because I have been using them myself before they even became an EA. I guess my point is an EA might work great for an experienced trader who has plenty of trading experience but the same EA won’t be worth squat to someone who hasn’t even been through the babypips pre-school because there in too much of a rush to become the next George Soros :D.
Topgun
I never joined the private forums so let us know how they are if you join. I just like reading the forums and downloading the FREE EA’s & indicators to learn from.
Topgun
I tried the elite section on trial for 1 cent but didn’t have much time to study many threads, there were quite a number of EA’s uploaded into that section of the forum to keep one busy for enough time but I cannot say how good they are because I go of my own personal experience by testing them if I think they look good from what others have to say. I ended my membership to the elite section because I do not really have time to test many EA’s right now and think I should not waste my time if I am paying for it.
The EA’s are tested thoroughly over months and years.
I just wish I could easily stumble across an EA on this forum or TSD that would give me consistent profits without having to worry about any bad drawdown. I do actually have two EA’s testing now that do this but have to be careful about when not to trade the EA or it loses its profits. Nothing is perfect though.
Thanks for the advice. I do like the idea of scalpers, I do but I just need to find a good one or one I can learn to manage correctly. I do not mind small pips as long as it trades often enough, 5pips a day would make several hundred thousand dollars each year. Depending on lot size and account management, etc. Not bad really.
The mistake traders make is that they think EA’s are an easy way into learning how to trade, they can be a good way of seeing how it is done but not as good in my opinion. They are not fully automated in my opinion either because you cannot leave them on every day without monitoring them closely and making sure they do not trade high impact events. That and then even more management, so it may be easier to trade manually and have it all done at once instead of taking the risk of forgetting.
I also do not believe an all market condition EA exists at all, sure some may bounce back after loses but that may take weeks or months, so loses that do good damage to the account balance still happen, meaning an all market condition EA does not exist, again just my opinion on EA’s, I still do like them and would like to find one that suits me, I like scalper EA’s but need to find a reliable one. I prefer trades that take place close together daily, the more trades the better, just as long as few losing ones.
Originally Posted by ckowyong View Post
to all the automated trading system skeptics out there, there are Expert Advisors that really work.
it’s not easy finding them, but they do exist! if you’ve been in it long enough, you’ll know that the free ones are not it.
peace
__
I am not so sure the paid for ones are either, if so how many dollars do we need to spend until we find one?
Do you know of any of have a recommendation or even a possible one to try?
I would happily pay for one if I think it will work. Just as I have done in the past, and I am not sceptical. Just wish i could find one fast that was reliable.
Have you been reading my posts on here and TSD? I mean I have free ones that make profits but burn out (not blow up) if I do not turn them off when they need to be off and I am not talking about news events always.
What kind of returns each week and month are to be expected, roughly? I have free ones that make the same amount each week because they lose some profits then re-make them. If I could get them to work they would make roughly 80k a year with loses included, but maybe I need more experience or testing or something or different EA.
I will check your blog out, thanks for the invite…
you are absolutely right that an EA needs to be stopped at certain times. i believe the market either trends, ranges or gaps/breaksout… depending on the market conditions. i believe each EA is only good for a specific kind of market. a bad scalper could potentially be disasterous in a good strong trend.
in my opinion, knowing the strengths and weaknesses of an EA is critical before trading live with it. so if you have already found a free EA and know when it’s supposed to be on or off for best profitability… i think you may have found a true gem.
wishing you success!! - ck
Thanks, I will sure to share the results once I feel I have perfected it as best I can. Will keep up the search as well